The Nigerian National Petroleum Corporation (NNPC) has announced a ₦39.85billion trading surplus for the month of February 2021 representing a massive 314.24% leap from the ₦9.62billion surplus it...

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again voted to retain the monetary policy rate at 11.5 percent. The announcement was made by the CBN governor, Godwin Emefiele...

The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners – Shell Nigeria Exploration and Production Company (SNEPCo), Total Exploration and Production...

Bitcoin and other major cryptocurrencies slumped after the People’s Bank of China conveyed a statement reiterating that digital tokens can’t be used as a form of payment. The largest token fell below...

The Nigerian National Petroleum Corporation (NNPC) has kicked off construction work in the Port Harcourt Refinery rehabilitation project with a firm commitment not to fail Nigerians. A statement by the...

The Central Bank of Nigeria (CBN) has extended indefinitely its Naira 4-dollar scheme for diaspora remittances which was introduced a few months ago. This disclosure is contained in a statement issued...

The National Directorate on Employment, NDE, Enugu State has embarked on the training of 34 Enugu youths on acquisition of skills on Soft Landscaping and Hard Landscaping under the Environmental Beautification...

Bill and Melinda Gates have announced their divorce after 27 years of marriage, saying “we no longer believe we can grow together as a couple”. In the statement posted on the verified Twitter...

The gas development and commercialization programme of the Nigerian National Petroleum Corporation (NNPC) received a boost Thursday with the execution of the Oil Mining Lease (OML) 143 Gas Development...

Seplat Petroleum Development Company Plc has been named Most Profitable Company (Oil & Gas: Exploration and Production) of the Year. The company’s chairman, Dr. ABC Orjiako, also emerged as...

The Central Bank of Nigeria(CBN) has announced plans to place sugar and wheat on its FX restriction list. This was disclosed by the CBN via its verified Twitter handle on Friday. Sugar and Wheat to...

The Central Bank of Nigeria on Thursday said it got orders from the Federal High Court, Abuja division, to freeze 194 bank accounts belonging to firms and Bureaux de Change to enable it to conduct investigations...

The Nigeria National Petroleum Corporation (NNPC) has restated its commitment to the partnership with the Government of Kebbi State for the production of biofuels, describing the project as viable and...

A federal high court in Abuja has issued an interim order in favour of the Central Bank of Nigeria (CBN) freezing 11 bank accounts. The CBN had in a motion ex parte dated March 16, prayed the court for...

The Lagos State Government on Thursday granted loans totalling  N1billion to some tourism and hospitality sector practitioners in the state, Thursday. The loans were meant to be seed capital to help drive...

The Nigerian National Petroleum Corporation (NNPC) says it pays between N100 billion and N120 billion every month to subsidise Premium Motor Spirit (PMS), also known as petrol. NNPC Group General Manager...

The Nigerian National Petroleum Corporation (NNPC) has announced an increase of 80.12% in trading surplus for the month of December 2020 which stands at ₦24.19billion compared to the ₦13.43billion...

The Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN), has voted to retain the Monetary Policy Rate (MPR) at 11.5% This was disclosed by Governor, CBN, Godwin Emefiele while reading...

Nigeria’s Federal Executive Council (FEC) has approved $1.5 billion (about N600 billion) for the rehabilitation of the Port Harcourt Refinery. The FEC approved the amount at its virtual meeting held...

Nigeria’s unemployment rate has increased from 27.1% to 33.3% in the fourth quarter of 2020. This was disclosed in the Labour Statistic Report released by the National Bureau of Statistics (NBS) on Monday. “The...